Question

An open cheque is safer than a crossed cheque because it can be cashed by anyone.

Options

• True

• False

Answer 1

False

Explanation:

An open cheque is highly risky since it can be cashed across the bank counter by anyone who has it, leaving it subject to theft or fraud. In contrast, a crossed check is significantly safer because it may only be deposited directly into the payee’s specified bank account, resulting in a clear paper trail that secures the transaction.